CARVANA CO CVNA
CL A · Common Stock · CUSIP 146869102 · ISIN US1468691027
Online used car dealer based in Arizona
- SectorConsumer discretionary
- IndustryRetail-Auto Dealers & Gasoline Stations
- HeadquartersTempe, AZ
- Websitecarvana.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($37.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $128.72. Options: 40 managers hold calls ($2.2bn notional), 39 hold puts ($1.5bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 272 |
| Q4 2022 | 223 |
| Q1 2023 | 215 |
| Q2 2023 | 247 |
| Q3 2023 | 258 |
| Q4 2023 | 293 |
| Q1 2024 | 336 |
| Q2 2024 | 414 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 115 | 163 |
| Q1 2023 | 88 | 121 |
| Q2 2023 | 128 | 97 |
| Q3 2023 | 126 | 136 |
| Q4 2023 | 154 | 107 |
| Q1 2024 | 175 | 146 |
| Q2 2024 | 241 | 155 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $878.8m | $535.9m | 0.61 |
| Q4 2023 | $1.6bn | $801.1m | 0.51 |
| Q1 2024 | $1.5bn | $1.8bn | 1.22 |
| Q2 2024 | $2.2bn | $1.5bn | 0.65 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.6m |
| FMR LLC | Added | +2.7m |
| Qube Research & Technologies Ltd | Added | +903.6k |
| Durable Capital Partners LP | New | +840.1k |
| JANE STREET GROUP, LLC | Added | +757.9k |
| Alyeska Investment Group, L.P. | New | +717.4k |
| HRT FINANCIAL LP | New | +640.8k |
| VIKING GLOBAL INVESTORS LP | New | +553.6k |
| SYLEBRA CAPITAL LLC | New | +525.8k |
| Kinetic Partners Management, LP | New | +512.8k |
Biggest sellers
| MORGAN STANLEY | Reduced | -38.0m |
| BlackRock Inc. | Reduced | -3.1m |
| D. E. Shaw & Co., Inc. | Reduced | -829.0k |
| STATE STREET CORP | Reduced | -616.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -585.8k |
| JPMORGAN CHASE & CO | Reduced | -539.2k |
| GATES FOUNDATION TRUST | Sold out | -520.0k |
| FIRST TRUST ADVISORS LP | Reduced | -514.3k |
| CITADEL ADVISORS LLC | Reduced | -487.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -458.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $377.2m2.9m shares |
| CITADEL ADVISORS LLC | Added | $365.8m2.8m shares |
| JANE STREET GROUP, LLC | Reduced | $286.7m2.2m shares |
| CITIGROUP INC | Unchanged | $280.0m2.2m shares |
| IMC-Chicago, LLC | Added | $137.4m1.1m shares |
| Twin Tree Management, LP | Added | $109.0m846.7k shares |
| SIMPLEX TRADING, LLC | Added | $92.2m716.6k shares |
| UBS Group AG | New | $92.0m714.7k shares |
| BARCLAYS PLC | Added | $65.2m506.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $51.9m403.2k shares |
Biggest puts
| CITIGROUP INC | Reduced | $347.5m2.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $248.1m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $194.0m1.5m shares |
| Allianz Asset Management GmbH | Reduced | $96.5m750.0k shares |
| Squarepoint Ops LLC | Reduced | $85.6m664.9k shares |
| D. E. Shaw & Co., Inc. | Added | $83.5m648.5k shares |
| Walleye Trading LLC | Added | $63.4m492.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $52.8m410.2k shares |
| Caption Management, LLC | Added | $44.1m342.8k shares |
| Parallax Volatility Advisers, L.P. | New | $30.6m238.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
GARCIA ERNEST C. II
13D · may seek influence
-1.0 pts · filed 2026-05-01
Stated purposeItem 4 of the Original Schedule 13D is hereby amended and restated to include the following information. The information set forth in Item 5 is incorporated by reference in its entirety into this Item 4. The Reporting Persons' acquisitions of the securities reported herein were made for investment purposes. Except as set forth in this Item 4, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of the instructions to Item 4 of Schedule 13D. However, in the future, the Reporting Persons will take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, acquiring or disposing of securities of the Issuer, entering into hedging or le… Full filing |
22.9% |
| GARCIA ERNEST C. III 13G · exempt (held before listing) filed 2025-08-01 | 18.2% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution filed 2026-02-17 | 12.6% |
| Capital Research Global Investors 13G · institution +1.3 pts · filed 2026-08-12 | 8.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.2% |
| BlackRock, Inc. 13G · institution -1.3 pts · filed 2026-07-29 | 6.3% |
| FMR LLC 13G · institution +0.7 pts · filed 2026-05-06 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 5 | $2.7m | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $980.0k | $980.0k |
| Q4 2023 | 0 | — | 1 | $1.2m | $1.2m |
| Q1 2024 | 1 | $199.8k | 8 | $5.1m | $4.8m |
| Q2 2024 | 0 | — | 11 | $57.7m | $39.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-28 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $9.9m75.0k shares |
| 2024-06-27 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $9.7m75.0k shares |
| 2024-06-26 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $9.5m75.0k shares |
| 2024-06-25 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $9.2m75.0k shares |
| 2024-06-24 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.9m60.0k shares |
| 2024-06-24 | Taira Thomas President, Special Projects | Sold plan | $3.0m25.0k shares |
| 2024-06-21 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.6m60.0k shares |
| 2024-06-20 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.5m60.0k shares |
| 2024-06-18 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.6m60.0k shares |
| 2024-06-18 | Taira Thomas President, Special Projects | Sold plan | $2.2m20.0k shares |
| 2024-06-17 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.3m60.0k shares |
| 2024-06-14 | Taira Thomas President, Special Projects | Sold plan | $7.0m68.6k shares |
| 2024-06-14 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.2m60.0k shares |
| 2024-06-13 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.4m60.0k shares |
| 2024-06-12 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.6m60.0k shares |
| 2024-06-11 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.2m60.0k shares |
| 2024-06-10 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.5m60.0k shares |
| 2024-06-07 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.4m60.0k shares |
| 2024-06-06 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.3m60.0k shares |
| 2024-06-05 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.2m60.0k shares |
| 2024-06-04 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.0m60.0k shares |
| 2024-06-03 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.0m60.0k shares |
| 2024-06-03 | JENKINS MARK W. Chief Financial Officer | Sold plan | $496.3k5.0k shares |
| 2024-05-31 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.0m60.0k shares |
| 2024-05-30 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.3m60.0k shares |
| 2024-05-29 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.3m60.0k shares |
| 2024-05-28 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.3m60.0k shares |
| 2024-05-24 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.7m60.0k shares |
| 2024-05-23 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.7m60.0k shares |
| 2024-05-22 | GARCIA ERNEST C. II +2 10% owner | Sold plan | $6.9m60.0k shares |
The latest 30 of 78 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.19% of their portfolio | 12.1m $1.6bn | Added +4.6m |
| VANGUARD GROUP INC 0.02% of their portfolio | 10.0m $1.3bn | Reduced -324.5k |
| CAS Investment Partners, LLC 65.65% of their portfolio | 6.5m $840.7m | Unchanged |
| FMR LLC 0.05% of their portfolio | 6.5m $834.0m | Added +2.7m |
| MORGAN STANLEY 0.06% of their portfolio | 6.2m $794.2m | Reduced -38.0m |
| GREENOAKS LLC 50.75% of their portfolio | 5.9m $753.6m | Reduced -160.1k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 42.38% of their portfolio | 5.0m $643.6m | Unchanged |
| BlackRock Inc. 0.01% of their portfolio | 4.9m $633.0m | Reduced -3.1m |
| Lingotto Investment Management LLP 16.33% of their portfolio | 3.8m $486.1m | Added +52.8k |
| D. E. Shaw & Co., Inc. 0.66% of their portfolio | 3.7m $470.4m | Reduced -829.0k |
| TWO SIGMA ADVISERS, LP 0.69% of their portfolio | 2.4m $308.5m | Added +15.9k |
| Thrive Capital Management, LLC 34.24% of their portfolio | 2.3m $291.9m | Unchanged |
| Camelot Capital Partners, LLC 93.53% of their portfolio | 2.2m $282.2m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.62% of their portfolio | 2.0m $262.3m | Reduced -223.1k |
| STATE STREET CORP 0.01% of their portfolio | 1.8m $227.8m | Reduced -616.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.7m $215.3m | Reduced -585.8k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.6m $200.1m | Added +292.0k |
| KPS Global Asset Management UK Ltd 57.42% of their portfolio | 1.5m $193.1m | Added +95.5k |
| JANE STREET GROUP, LLC 0.18% of their portfolio | 1.3m $164.6m | Added +757.9k |
| GOODNOW INVESTMENT GROUP, LLC 16.45% of their portfolio | 1.1m $142.1m | Reduced -219.4k |
| General Equity Holdings LP 83.58% of their portfolio | 1.1m $136.8m | Unchanged |
| Qube Research & Technologies Ltd 0.21% of their portfolio | 904.5k $116.4m | Added +903.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 898.3k $115.6m | Reduced -47.9k |
| Durable Capital Partners LP 0.89% of their portfolio | 840.1k $108.1m | New |
| Steadview Capital Management LLC 36.07% of their portfolio | 834.9k $107.5m | Reduced -42.0k |
| RV Capital AG 25.38% of their portfolio | 819.6k $105.5m | Reduced -27.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.18% of their portfolio | 813.4k $104.7m | Added +88.5k |
| FPR PARTNERS LLC 10.41% of their portfolio | 800.0k $103.0m | Reduced -168.7k |
| Contour Asset Management LLC 3.46% of their portfolio | 796.0k $102.5m | Added +333.9k |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 731.6k $94.2m | Added +14.6k |
| Alyeska Investment Group, L.P. 0.53% of their portfolio | 717.4k $92.3m | New |
| MOORE CAPITAL MANAGEMENT, LP 2.01% of their portfolio | 714.0k $91.9m | Added +225.3k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 707.1k $91.0m | Added +218.5k |
| Man Group plc 0.24% of their portfolio | 706.1k $90.9m | Reduced -193.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 685.0k $88.2m | Reduced -174.1k |
| HRT FINANCIAL LP 0.47% of their portfolio | 640.8k $82.5m | New |
| National Philanthropic Trust 1.52% of their portfolio | 620.4k $79.9m | Reduced -450 |
| INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV 4.74% of their portfolio | 588.1k $75.7m | Unchanged |
| Driehaus Capital Management LLC 0.72% of their portfolio | 581.8k $74.9m | Added +323.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 561.4k $72.3m | Reduced -322.6k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 555.1k $71.5m | Reduced -514.3k |
| VIKING GLOBAL INVESTORS LP 0.27% of their portfolio | 553.6k $71.3m | New |
| SYLEBRA CAPITAL LLC 2.51% of their portfolio | 525.8k $67.7m | New |
| Kinetic Partners Management, LP 4.80% of their portfolio | 512.8k $66.0m | New |
| Point72 Asset Management, L.P. 0.21% of their portfolio | 511.3k $65.8m | Added +38.8k |
| PAR CAPITAL MANAGEMENT INC 2.05% of their portfolio | 506.0k $65.1m | Unchanged |
| Senator Investment Group LP 3.11% of their portfolio | 495.4k $63.8m | Not comparable |
| Squarepoint Ops LLC 0.20% of their portfolio | 406.0k $52.3m | Added +36.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 403.6k $51.9m | Reduced -458.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio | 397.2k $51.1m | Added +389.8k |
| Selkirk Management LLC 22.04% of their portfolio | 365.2k $47.0m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 353.7k $45.6m | Added +59.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 345.3k $44.4m | Added +227.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 342.9k $44.1m | Reduced -23.5k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 1.95% of their portfolio | 329.2k $42.4m | New |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 327.3k $42.1m | Reduced -7.9k |
| Assenagon Asset Management S.A. 0.10% of their portfolio | 310.7k $40.0m | New |
| MANE GLOBAL CAPITAL MANAGEMENT LP 2.74% of their portfolio | 302.8k $39.0m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.11% of their portfolio | 293.1k $37.7m | New |
| 683 Capital Management, LLC 3.71% of their portfolio | 275.0k $35.4m | Reduced -55.0k |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 18.82% of their portfolio | 273.4k $35.2m | Reduced -141.1k |
| Schusterman Interests, LLC 45.05% of their portfolio | 268.0k $34.5m | Reduced -268.0k |
| Holocene Advisors, LP 0.14% of their portfolio | 266.1k $34.3m | Added +210.4k |
| GROUP ONE TRADING LLC 1.06% of their portfolio | 262.1k $33.7m | Reduced -98.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 256.6k $33.0m | Added +76.1k |
| Invesco Ltd. 0.01% of their portfolio | 253.3k $32.6m | Added +78.5k |
| Divisadero Street Capital Management, LP 5.25% of their portfolio | 249.8k $32.2m | Reduced -30.0k |
| North Peak Capital Management, LLC 3.61% of their portfolio | 239.0k $30.8m | New |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 236.6k $30.5m | Added +62.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 231.4k $29.8m | Added +142.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.34% of their portfolio | 230.8k $29.7m | New |
| NORGES BANK 0.00% of their portfolio | 221.9k $28.6m | Reduced -226.4k |
| TUDOR INVESTMENT CORP ET AL 0.30% of their portfolio | 208.1k $26.8m | New |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 203.4k $26.3m | Added +90.8k |
| Swiss National Bank 0.02% of their portfolio | 194.5k $25.0m | Added +3.2k |
| California Public Employees Retirement System 0.02% of their portfolio | 192.8k $24.8m | Added +9.7k |
| Legal & General Group Plc 0.01% of their portfolio | 180.0k $23.2m | Added +85.3k |
| Nishkama Capital, LLC 3.39% of their portfolio | 176.1k $22.7m | Reduced -11.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 166.9k $21.5m | Added +15.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 166.4k $21.4m | Reduced -539.2k |
| STEADFAST CAPITAL MANAGEMENT LP 0.51% of their portfolio | 166.1k $21.4m | New |
| No Street GP LP 1.79% of their portfolio | 165.0k $21.2m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 148.1k $19.1m | Added +107.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 144.7k $18.6m | Reduced -487.2k |
| Cubist Systematic Strategies, LLC 0.32% of their portfolio | 142.7k $18.4m | Added +96.8k |
| BIT Capital GmbH 1.62% of their portfolio | 138.8k $17.9m | New |
| CITIGROUP INC 0.02% of their portfolio | 136.6k $17.6m | Added +73.0k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 129.7k $16.7m | Reduced -53.1k |
| Verition Fund Management LLC 0.13% of their portfolio | 128.5k $16.5m | Added +75.6k |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 122.6k $15.8m | Added +90.5k |
| PANAGORA ASSET MANAGEMENT INC 0.08% of their portfolio | 120.1k $15.5m | Reduced -117.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio | 115.8k $14.9m | First filing |
| Anabranch Capital Management, LP 8.73% of their portfolio | 113.9k $14.7m | Reduced -46.7k |
| Jump Financial, LLC 0.29% of their portfolio | 112.8k $14.5m | Added +72.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 109.9k $14.1m | Reduced -49.9k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 98.7k $12.7m | Added +42.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 97.0k $12.5m | Reduced -704 |
| MARSHALL WACE, LLP 0.02% of their portfolio | 95.2k $12.3m | Added +35.3k |
| Gotham Asset Management, LLC 0.16% of their portfolio | 94.9k $12.2m | Reduced -27.3k |
| Alta Park Capital, LP 1.59% of their portfolio | 94.0k $12.1m | Added +10.5k |